$950,000
$1,100,000
13.6%For more information regarding the value of a property, please contact us for a free consultation.
6,462 Sqft Lot
SOLD DATE : 04/28/2026
Key Details
Sold Price $950,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 202600310
Sold Date 04/28/26
Year Built 1995
Annual Tax Amount $11,808
Tax Year 2024
Lot Size 6,462 Sqft
Acres 0.43
Lot Dimensions irregular
Property Sub-Type Commercial
Property Description
Fully Leased Investment Property! Don't miss this rare opportunity to own a fully leased commercial building with strong rental income. The property features three updated 2-bedroom, 1-bath apartments—two renting for $950/month and one for $975/month—all with in-unit washers and dryers and modern finishes.(lease through 7-2026) Below the apartments is a main-level office space generating $5,200/month on a gross lease, providing consistent, reliable income (leased through 2028). This well-maintained building offers a turnkey investment with attractive rental rates and minimal vacancy history. With updated units, strong tenants, and a prime location, this property is a fantastic addition to any investor's portfolio.
Location
State IA
County Johnson
Zoning CI1
Direction Take Scott Blvd, turn west onto Court St, then into Scott Ct
Interior
Heating Natural Gas, Forced Air
Cooling Central Air
Flooring Concrete Slab Grade, Carpet, Other
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Phone Available, City Water
Roof Type Composition
Building
Lot Size Range Less Than Half Acre
Structure Type Frame
Schools
Elementary Schools Lemme
Middle Schools Southeast
High Schools City
Others
Tax ID 0907353009
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Special Listing Condition Standard
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Agent | License ID: S67677000
2530 Corridor Way Suite 202, Caralville, Iowa, 52241, United States